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The US $100 million health facility will be built by a donation offered byUAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan.
Jacobs will perform the architectural design in association withArchitecture Studio, a well-known French architecture company. This projectwill also include commercial buildings whose revenues will be used to run themedical city ensuring superior performance, operation, and maintenance.Construction work is expected to commence by year end, and will last 30months.
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In making the announcement, Jacobs Group Vice President Robert Mathastated, "We are very proud to bring our healthcare expertise to develop thisnew facility in Morocco. We are thankful to His Highness Sheikh Khalifa binZayed Al Nahyan for giving us this opportunity."
Jacobs, with over 55,000 employees and revenues exceeding $10.0 billion,provides technical, professional, and construction services globally.
Any statements made in this release that are not based on historical factare forward-looking statements. Although such statements are based onmanagement's current estimates and expectations, and currently availablecompetitive, financial, and economic data, forward-looking statements areinherently uncertain. We, therefore, caution the reader that there are avariety of factors that could cause business conditions and results to differmaterially from what is contained in our forward-looking statements. For adescription of some of the factors which may occur that could cause actualresults to differ from our forward-looking statements please refer to our 2007Form 10-K, and in particular the discussions contained under Items1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management'sDiscussion and Analysis of Financial Condition and Results of Operations. Wealso caution the readers of this release that we do not undertake to updateany forward-looking statements made herein.For additional information contact: Michelle Jones 626.578.6968 (Logo: http://www.newscom.com/cgi-bin/prnh/20051021/LAJACOBSEGLOGO)
SOURCE Jacobs Engineering Group Inc.
